Post-trade & ops

3717 articles tagged with this keyword

/Post-trade & ops

Union Bank of India automates international payments with BankServ

Union Bank of India (UBI) has implemented the TurboSwift platform from San Francisco-based BankServ to automate its international payment operations.

/Post-trade & ops

Spending on OTC derivatives IT to hit $1.3bn in 2011 - TowerGroup

Spending on OTC derivatives trading technology by institutional brokers will rise from $915 million in 2007 to $1.3 billion in 2011, a compound annual growth rate of 9.5%, according to the latest TowerGroup forecasts.

/Post-trade & ops

Interactive Data pays $25.3m for Xcitek market data assets

Interactive Data Corporation has signed an agreement to acquire the market data assets of New York-based Xcitek for $25.3 million in cash.

/Post-trade & ops

Fidelity buys into Asset Control; installs Lynch as CEO and underwrites Tap acquisition

Boston-based Fidelity Ventures has taken an undisclosed majority stake in Asset Control, a Dutch provider of data management technology to financial services firms. Concurrent with the funding the vendor has acquired Vancouver-based reference data outfit Tap Solutions and installed Phil Lynch as CEO.

/Post-trade & ops

James Donovan quits Swift

James Donovan has resigned from his position as head of the securities industry division at financial messaging network Swift.

/Post-trade & ops

ADP spins off brokerage business

ADP brokerage Services - a provider of investor communications and securities processing services to the wholesale financial markets - has been officially spun off from parent group Automatic Data Processing into a separate limited company, Broadridge Financial Solutions.

/Post-trade & ops

Need for speed ramps up invesment bank tech spend

Total US capital market spending on advanced trading technology is expected to reach $860 million this year, rising to $1.3 billion by 2010, according to projections from analyst firm Tabb Group.

/Post-trade & ops

Financial technology spending on the rise in 2007

IT spending by wholesale financial services institutions has increased significantly this year, particularly on risk managment and payments systems, according to a global study by Datamonitor.

/Post-trade & ops

Icap seeks new acquisitions as e-trading volumes soar

UK interdealer broker Icap, which bought the EBS electronic currency trading platform a year ago, says its electronic broking businesses have boosted full year profits and it is on the look out for further acquisitions.

/Post-trade & ops

UK watchdog to step up monitoring of commodities

The UK's Financial Services Authority is to step up its oversight of the commodities market in the wake of a substantial bull run which it claims has raised risk levels for all market participants.

/Post-trade & ops

Misys signs India's HDFC to Summit FT

India's HDFC Bank is implementing the Summit FT system from UK-based Misys which it will use to process interest rate derivatives trades.

/Post-trade & ops

SmartStream releases post-trade processing package

UK fintech vendor SmartStream Technologies has launched TLM Trade Process Management, a software package designed to help financial firms automate post-trade processes across multiple asset classes, including OTC derivatives.

/Post-trade & ops

Regulators call for post-trade improvements in OTC markets

The Bank for International Settlements is calling on financial firms to introduce automated systems to cut confirmation backlogs in the over-the-counter derivatives markets.

/Post-trade & ops

Video of City charity striptease appears on YouTube

Not content with photographs of their charity-inspired striptease at Bank Station appearing in local press, Icap broker Johnny Black and fintech headhunter Chris Mike have posted a video of their near-naked exploits on video-sharing Web site YouTube.

/Post-trade & ops

Almost a third of private banks lack back-office automation

Sponsored research has identified a lack of automated post-trade management among Europe's private banking community. The survey by Scorpio Partnership has revealed 30% of private banks continue to manually operate trade execution, confirmation and affirmation.

/Post-trade & ops

Erste Bank to implement Calypso for derivatives trading and processing

Erste Bank Group, a leading Central and Eastern European financial services company, has selected Calypso to handle interest rate, FX and credit derivative trading and processing across the group.

/Post-trade & ops

Reuters changes products to aid MiFID compliance

Reuters claims that modifications made to its existing technology, based on market consultation, will improve visibility of best aggregated price, handle post-trade publication and support transaction cost analysis (TCA).